221 10th St #BPalisades ParkNJ07650
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Total monthly income runs $3,754/mo, and a $5,237/mo payment. Purchase price stands at $1,070,000, and rental yield measures 4.21% with $3,754/mo rent. Return on cash invested shows 6.96% in year one, and 5% annual appreciation builds toward $295,621 over five years. Five-year ROI reaches 34.6% and total cumulative return in cash records $119,937. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,754/mo property income covering a $5,237/mo payment rather than investor’s personal income.
Condo
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 07650, Palisades Park, NJ area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,729 (100%) |
| Owner Occupied HU | 2,530 (32.7%) |
| Renter Occupied HU | 4,845 (62.7%) |
| Vacant Housing Units | 354 ( 4.6%) |
| Median Home Value | $791,775 |
| Average Home Value | $790,008 |
Housing Distribution
Address Breakdown
Residential
7,104
Single Family
5,674
Multi-Family
1,430
Businesses
767
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: John Lupo • United Real Estate
Mls Name: NJMLS
Mls ID: #25029055